RSP vs VOO
RSP vs VOO
Invesco S&P 500 Equal Weight ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | RSP | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.03% | |
| AUM | $97.4B | $979.0B | |
| Dividend Yield | 1.51% | 1.09% | |
| Holdings | 510 | 509 | |
| YTD Return | +12.40% | +9.95% | |
| 1Y Return | +19.03% | +19.58% | |
| 3Y Return (annualized) | +13.43% | +19.43% | |
| 5Y Return (annualized) | +8.85% | +12.89% | |
| Volatility (annualized) | 16.6% | 14.2% | |
| Max Drawdown | -60.9% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Apr 24, 2003 | Sep 7, 2010 |
RSP vs VOO Performance
Invesco S&P 500 Equal Weight ETF (RSP) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year RSP returned +19.03% while VOO returned +19.58%. Year to date, RSP is up 12.40% versus a gain of 9.95% for VOO.
Over three years, RSP compounded at +13.43% per year against +19.43% for VOO; over five years the annualized figures are +8.85% and +12.89% respectively. Across the full 16-year window we track, VOO has the edge at +13.35% annualized vs +10.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RSP has been the more volatile fund, with annualized monthly volatility of 16.6% compared with 14.2% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -60.9% for RSP and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
RSP charges 0.20% per year while VOO charges 0.03%. On a $10,000 position that is $20 vs $3 annually, a gap of $17 per year that compounds over a long holding period. On income, RSP currently yields 1.51% against 1.09% for VOO.
Holdings Overlap
RSP and VOO share 425 holdings out of 513 unique holdings combined, representing a 37.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in RSP | Weight in VOO | Difference |
|---|---|---|---|
| NVDA | 0.19% | 7.51% | 7.32% |
| AAPL | 0.19% | 6.59% | 6.40% |
| MSFT | 0.18% | 4.30% | 4.12% |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
See all 10 holdings RSP shares with VOO Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, RSP or VOO?
RSP has an expense ratio of 0.20% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, RSP or VOO?
Over the past year RSP returned +19.03% vs +19.58% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), RSP annualized +10.00% vs +13.35% for VOO. Past performance does not guarantee future results.
Which is riskier, RSP or VOO?
RSP has been the more volatile fund at 16.6% annualized versus 14.2% for VOO. Worst drawdown: RSP -60.9% vs VOO -34.3%.
Should I hold both RSP and VOO?
RSP and VOO have a monthly-return correlation of 0.94, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between RSP and VOO?
RSP and VOO share 425 common holdings with a 37.2% weight overlap. Combined, they hold 513 unique securities.
Which pays a higher dividend, RSP or VOO?
RSP yields 1.51% while VOO yields 1.09%, so RSP currently pays the higher dividend yield.
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